PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3897 (b) EFFECTIVE DATE OF REGULATIONS.—Section 269(aX2) of the Truth in Savings Act (12 U.S.C. 4308(aX2)) is amended by striking "6 months" and inserting "9 months". TITLE X—RESIDENTIAL LEAD-BASED PAINT HAZARD REDUCTION ACT OF 1992 Residential Lead-Based Paint Hazard Reduction Act of 1992. SEC. 1001. SHORT TITLE. This title may be cited as the "Residential Lead-Based Paint Hazard Reduction Act of 1992". SEC. 1002. FINDINGS. The Congress finds that— (1) low-level lead poisoning is widespread among American children, afflicting as many as 3,000,000 children under age 6, with minority and low-income communities disproportion- ately affected; (2) at low levels, lead poisoning in children causes intel- ligence quotient deficiencies, reading and learning disabilities, impaired hearing, reduced attention span, hyperactivity, and behavior problems; (3) pre-1980 American housing stock contains more than 3,000,000 tons of lead in the form of lead-based paint, with the vast majority of homes built before 1950 containing substan- tial amounts of lead-based paint; (4) the ingestion of household dust containing lead from deteriorating or abraded lead-based paint is the most common cause of lead poisoning in children; (5) the health and development of children living in as many as 3,800,000 American homes is endangered by chipping or peeling lead paint, or excessive amounts of lead-contami- nated dust in their homes; (6) the danger posed by lead-based paint hazards can be reduced by abating lead-based paint or by taking interim meas- ures to prevent paint deterioration and limit children's exposure to lead dust and chips; (7) despite the enactment of laws in the early 1970's requir- ing the Federal Government to eliminate as far as practicable lead-based paint hazards in federally owned, assisted, and insured housing, the Federal response to this national crisis remains severely limited; and (8) the Federal Government must take a leadership role in building the infrastructure—including an informed public, State and local delivery systems, certified inspectors, contrac- tors, and laboratories, trained workers, and available financing and insurance—necessary to ensure that the national goal of eliminating lead-based paint hazards in housing can be achieved as expeditiously as possible. SEC. 1003. PURPOSES. The purposes of this Act are— (1) to develop a national strategy to build the infrastructure necessary to eliminate lead-based paint hazards in all housing as expeditiously as possible; 42 USC 4851 note. 42 USC 4851. 42 USC 4851a.